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HProTrader
May 12, 2016 12:34 PM

USDCAD SHORT  Short

U.S. Dollar/Canadian DollarFXCM

Description

shooting star on monthly, evening star reversal monthly, close below 200MA daily and retest of that level, bearish week, monthly candle close has hit 1.25 - price needs to retrace and have a breather

weekly reversal pattern - could be retracement move

Look for daily reversal pattern confluencing with CTL break to enter short position -

Retracement to monthyly resistance 1.3, formed reversal pattern here and at R1 nad 50MA

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